TSLA Short: Wave C completion with Bearish Engulfing Candle
As can be seen in the chart, we noticed 3 items that could potentially spell the end of the up move for Tesla:
1. Bearish Engulfing Candle with high volume
2. RSI divergence with price (with RSI being too high in overbought area)
3. Elliott Wave C completion (potentially)
What this means is that the first target we will see is $220 and the ultimate target is a fall below $100.
Good luck!
1. Bearish Engulfing Candle with high volume
2. RSI divergence with price (with RSI being too high in overbought area)
3. Elliott Wave C completion (potentially)
What this means is that the first target we will see is $220 and the ultimate target is a fall below $100.
Good luck!
Komen:
Sorry, should have tag as short. Forgot about it.